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  1. #1
    POTUS HOCUS
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    Has the bubble burst next recession due ?

    Tech stocks off 4% is this the inflection so long predicted?

    https://www.bloomberg.com/markets/stocks



    https://www.reuters.com/article/us-u...-idUSKCN1MK1JZ

  2. #2
    hangin' around cyrille's Avatar
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    Life without...

  3. #3
    ความรู้ลึกลับ HuangLao's Avatar
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    Quote Originally Posted by cyrille View Post
    Life without...

    .....mindless consumption.

  4. #4
    Thailand Expat David48atTD's Avatar
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    US reporting season starts tonight ...



    US futures currently down 1,000 points

    We'll see what happens overnight.

  5. #5
    ความรู้ลึกลับ HuangLao's Avatar
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    Yet, isn't the bubble imaginary?
    As is the wealth and concocted value/worth.

    We should get over our illusions.
    Problem solved.

  6. #6
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    Quote Originally Posted by HuangLao View Post
    our illusions
    yet while the bankers squirrel it away to teh havens the firms close, lay offs repossessions folks who cannot buy food medicine education, debt and misery all to real and immediate for those without savings or marketable skills willingness to relocate or sit it out in austerity.

    You may like to read Bob Noonan's aka Robert Tressels seminal work

    Rugged Roused Fill Ant too pissed

    https://en.wikipedia.org/wiki/The_Ra...hilanthropists

    Qu'elles mangent les carrottes
    I used to have a job at a calendar factory.
    I got the sack because
    I took a couple of days off.

  7. #7
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    Another recession. I thought we were still in the middle of the last one.

    Notime to draw breath. Waiting for the state pension to kick in and put me back to where I was 2 years ago.

  8. #8
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    Until the ‘misery index’ (inflation rate + unemployment rate + interest rate) exceeds a certain number (45 ?) the middle class won’t be out in the streets.

  9. #9
    Neo
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    the usual signs are there... property construction bubble, economic slow down and human stupidity, plus we have two other factors taking affect; global trade decoupling and a tangible move away from the dollar

    the next one is gonna be a doozy

  10. #10
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    Netflix off 8%. You would have thought they'd do well if no fucker can afford to go out.


  11. #11
    Thailand Expat David48atTD's Avatar
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    Aussie Market down 2.8% today.

    Finished on the day's low ... not a good sign for tomorrow.





    I moved my Super/Pension Fund/401k into cash about 2 months ago ... looking now for
    collective falls in the range of 12 - 18 % over the coming months.

    Trade wars between the USA and China and a looming Italian Banking crisis looms large.


    BTW, I'm no Oracle ... I went to cash after Brexit which didn't pan out as I expected

    Our fingerprints never fade from the lives we touch

  12. #12
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    Hope it cuts in half...

  13. #13
    hangin' around cyrille's Avatar
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    Quote Originally Posted by David48atTD View Post
    a looming Italian Banking crisis
    There's always a looming Italian banking crisis. Except at the times when it's actually happening.

  14. #14
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    Sears Hires Advisers to Prepare Bankruptcy Filing

    Troubled retailer working with boutique firm M-III Partners and could file for court protection ahead of Monday debt payment

    https://www.wsj.com/articles/sears-h...ing-1539136189

  15. #15
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    Interesting term boutique
    Today associated with haute couture fashion or niche boutique hotels

    Its from classical greek for store
    Hence
    Apothecary,
    German Apotheke

    Ancient Greek word ἀποθήκη (apothḗkē, "a repository, storehouse")
    Spanish Bodega ( A wine cellar)

  16. #16
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    International Monetary Fund chief Christine Lagarde clashed publicly with Donald Trump over interest rates today as global markets were rocked by more turmoil.


    The IMF managing director was responding to the US president’s latest outspoken intervention on the Federal Reserve after he warned the world’s most powerful central bank was “crazy” and “going loco” for raising rates amid strengthening growth.


    Markets have been spooked by fears that the Fed will raise rates even more sharply than expected next year, prompting a sell-off of US Treasury debt and triggering share sell-offs across the world. But Lagarde defended the Fed’s actions today — calling its moves “legitimate and necessary” — and warning that “stock markets in general have been extremely high.


    Lagarde told CNBC: “I would not associate [Fed chairman] Jay Powell with craziness. No, no, he comes across, and members of his board, as extremely serious, solid and certainly keen to base their decisions on actual information, and decide to communicate that properly.”


    Her comments came as the FTSE 100 plunged to a six-month low of 7027.63, down 118.11 points, or 1.7%, and entering the correction territory generally marked by a 10% fall from the recent trading highs in May.


    The sell-off swept across Europe after big falls in Asia overnight amid worries over the intensifying trade fight between the US and China, and the IMF’s earlier global growth downgrade this week. The stock market in Italy, embroiled in a clash with the European Commission, entered bear market territory with a 20% fall.


    Sharp falls for the major tech stocks on Wall Street has also driven tumbling share markets, with Amazon, Google and Facebook down more than 10% from recent highs. In London, one of the biggest FTSE 100 casualties was the Scottish Mortgage Investment Trust. It has holdings in Amazon, Tesla and Netflix and fell 21.9p, or 6%, to 443.5p.


    “There are concerns there about valuations which investors are questioning,” CMC Markets’ Michael Hewson said, adding: “But Trump’s comments are more reminiscent of president Erdogan in Turkey.”


    The present turmoil today prompted car-leasing giant LeasePlan to shelve Europe’s biggest float this year.


    LeasePlan pulled the initial public offering — expected to value the firm at around €6 billion (£5.3 billion) — “because of market conditions”.

  17. #17
    The Fool on the Hill
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    what goes up must come down... correction, recession, depression, oh well, semantics, the answer of course is to SELL, SELL, SELL... and do it quickly before all your hard earned money evaporates before your eyes

  18. #18
    Thailand Expat jabir's Avatar
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    Well overdue, and some 'experts' predict the MOAR, which ought to see a shaken not stirred EU as some of its more fragile economies go belly up. Anyway 10 years is a long time and periods between global financial catastrophes are supposed to narrow not expand, so bring it on!

  19. #19
    disturbance in the Turnip baldrick's Avatar
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    "Against this background of extreme concentration, with just six stocks accounting for almost all the gains of 2018, the US system throws up a president who doesn't grasp even the basics of international trade," Mr Campbell said.
    Stock markets quake in fear as 'the bondcano' rumbles ominously - ABC News (Australian Broadcasting Corporation)

    is the whole elephant heading for the fan ?

  20. #20
    Neo
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    that link is blocked by the op .. interesting article, but the whole elephant..? nah just a correction for all the greedy pigs and there's always some shady douche talking it up so he can earn an extra buck out of it.. 'bondcano'

  21. #21
    hangin' around cyrille's Avatar
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    Quote Originally Posted by Neo View Post
    there's always some shady douche talking it up so he can earn an extra buck out of it..
    Harsh way to refer to hick.

  22. #22
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    Quote Originally Posted by bowie View Post
    what goes up must come down... correction, recession, depression, oh well, semantics, the answer of course is to SELL, SELL, SELL... and do it quickly before all your hard earned money evaporates before your eyes
    ...or BUY, BUY, BUY...but not just yet...

  23. #23
    The Fool on the Hill
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    Quote Originally Posted by Troy View Post
    ...or BUY, BUY, BUY...but not just yet...
    Ah… such a confusing subject, should I Buy, Sell or Hold. People in general can’t grasp the basic concepts of investments. So many vehicles to put your money in.

    I love it, the stock markets at all-time highs and the people are rejoicing, yet, their glee is misdirected. The idea is this, (oversimplification of a most complex subject) but, when you are working you buy into the market – so, you want the market to be at all-time lows, you get more shares for your cash.

    Now, after you stop working and have built your nest egg, you will be taking distributions, this is the time(s) when you want the market at all-time highs, when you have to sell your shares.

    But, yet, my friends can’t get a grasp on this concept – they love bragging about the/their 401k returns, while they are still working and contributing – so be it.

    For myself, on a personal note – I’ve recently joined the ranks of the early retirees so I do want the market at all-time highs. But, I played my cards right, I’ve got a most adequate nest egg, I’m well diversified, my standard-of-living is most reasonable, my bucket list is empty, and I am in a word “content”.

    Let the market swing wildly – the real show is in the peoples reactions to the market.

  24. #24
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    ^ true So surprised when it swings

    then the experts come on, "it's cyclical uhm hum..."

    yaddayadda

    Quote Originally Posted by cyrille View Post
    Harsh way to refer to hick.
    have to agree,...errr red comin

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